RedStreetBets
A script that leverages the Reddit API to collect and analyse data from the Daily Discussions thread on Reddit subdomain /r/wallstreetbets to study stock market sentiment.
Why should you consider referring to this data ?
In recent times, the WallStreetBets have garnered a lot of attention to themselves. They have a constant and strong presence in the mind of various investors and financial professionals.
Why might you ask?
Because people believe that they have the ability to move markets.
The WallStreetBets have over 10,545,724 subscribers and they generate around 30,582 comments & 1,243 posts per day. They are also the 5th most visited website across the entire internet.
With over 4,346,692 comments in total, they are a goldmine for finance-related information.
If you want to make it big in the world of finance, that’s where you need to start.
What the redstreet script does?
The redstreet script makes use of the Reddit API to lookup the specified number of comments and search for any stock tickers mentioned in the comments.
It returns a list of 20 top discussed stock tickers along with the number of times they were mentioned.
How to run the script?
-
Create a Reddit API key pair by going to https://www.reddit.com/prefs/apps
-
Create a file name
keys.pyin the project directory -
Type out these credentials in the
keys.pyfile (CLIENT_ID, SECRET_TOKEN, USERNAME, PASSWORD).
Eg.
CLIENT_ID="qgejsaYxoEw"
SECRET_TOKEN="aggdjnquwu2r83278itga0-tfe"
USERNAME="<your_username>"
PASSWORD="<your_password>"
Note: CLIENT_ID and SECRET_TOKEN can be found after you create an app on this page: https://www.reddit.com/prefs/apps
Now, create a python virtual environment and install all project dependencies by running:
pip install -r requirements.txt
To run the script:
python redstreet.py <no_of_comments_to_lookup>